2989 Bathurst Street Condos

Buying pre-construction means securing a home before or during construction, often at an early-release stage. The typical first step is registering your interest so you receive priority access when floor plans and pricing are made available, since early releases can offer a wider selection of suites and floor plans.

Deposits on new Ontario condos are usually structured in stages over time rather than paid all at once, with instalments tied to milestones set by the builder. Buyers also encounter interim occupancy — a period when you may move in and pay an occupancy fee before the building is registered — followed later by final closing, when title transfers and mortgage financing begins.

In Ontario, purchasers of a new condominium unit have a 10-day cooling-off period under the Condominium Act, during which you can review your agreement and disclosure documents and cancel without penalty. Specific deposit terms and dates for this project will be confirmed by the builder.